The stock EMBRACER is currently showing two key support and resistance lines on the chart. Based on my analysis, it appears that the stock is poised to test the resistance line. Therefore, I believe the stock has potential to rally up to the resistance line. This could serve as a target for traders looking to take advantage of potential upward momentum in EMBRACER.
Copied the bars pattern from the Jan 2019 lows and scaled to match the current lows pattern. Targets line up with measured bull targets through 2025 should the stock break 30.5 SEK and head to ~39 and ~45.
This may become bearish again if 23.35 is lost, it could see 17.8 and then 15.5 instead
Embracer confirmed a head and shoulders and broke its recent lows. It looks to be headed further down towards 17 and then 15 sek approximately.
Now, it is possible that we see a re-test of the neckline, which could provide some relief or even a possibility of getting out of lows here, but it would need to break and hold above that for that to occur.
Embracer could be forming a double bottom here, but it would need to get back above 23.5 first, where it has also confirmed a head and shoulders pattern targeting 17 and then 15.
Should it move back above 23.5, it would still need to get above 30-31 before a double bottom could be confirmed. Should that occur, it could target the area where it was prior to the May crash.
Embracer may be forming a triple bottom here. Confirmation above the neckline, targets on the chart for 1x, 1.5x, and 2x measured moves up if confirmed.
Embracer Group AB engages in publishing and developing video games for the global marke. The company has a broad portfolio.
Fundamental analysts have predominantly a positive view of the stock.
The stock is in a slightly fading trend supported by volume patterns, but after a brief break through the attic, MA may indicate a more flat development.
On volume...
Embracer will either re-test its top or head down from here and do any one of the following:
if re-tests top:
1.) head back down to the bottom of the wedge around 220 sek
2.) break below the wedge forming a double or triple top and head down to 166 sek
3.) break above the top and continue up to the yellow line above it making a new all-time-high around 309...
After a retracement since early May, Embracer is seeing a nice bullish divergence on the daily charts combined with an oversold RSI and positive WaveTrend signals. I'm anticipating a reversal here.
After countless months of upwards momentum OMXSTO:EMBRAC_B is ready for a small pullback. It fell out of the pennant. Looking like a really great buy at the PCZ of the harmonic with targets according to fib levels! Make sure to wait for earnings though before entering as that could destroy this setup! Good luck traders!
NOT FINANCIAL ADVICE!
Its been a while since i posted anything here so i wanted this post to be something special.From a fundumental point (DCF) i see a good upside potential for this company.Now for the special part...
Embracer ownes a smaller company Coffee Stain Studios that is the publisher of Iron gate developers team .Have you heard of Valheim ?
Check it out if you havent.I think...
After the lastest news we can see some momentum up towards new TP.
Please see graph.
I am long and bullish for EMBRACER.
Please like, comment and follow.
Best regards,
Recent news about a major acquisition, Gearbox Entertainment, and we've tested the top 3 times now and are heading up to re-test a break-through to an new all-time high.
venturebeat.com
